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Bank of Nova Scotia to Make $2.8 Billion Investment in KeyCorp for 14.9% Equity Interest
Express News | Market-Moving News for August 12th
Express News | KeyCorp Shares Further Extend Premarket Gains, Last up 20%
Scotiabank Buys Part of KeyCorp. Why Bank Mergers Are Continuing Year After Turmoil. -- Barrons.com
Bank of Nova Scotia (BNS.US) acquires 14.9% stake at a premium, KeyCorp (KEY.US) surges more than 18% in pre-market trading.
As part of its focus on North American business, Bank of Nova Scotia (BNS.US) has agreed to acquire a minority stake in KeyCorp (keycorp) for about $2.8 billion.
Why Is KeyCorp Stock Shooting Higher Today?